Lumos Networks Corp. (NASDAQ:LMOS) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.00.

Separately, Zacks Investment Research raised shares of Lumos Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, September 26th.

Shares of Lumos Networks (NASDAQ LMOS) opened at $17.98 on Friday. Lumos Networks has a one year low of $14.02 and a one year high of $17.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.76.

In other Lumos Networks news, insider Pamplona Capital Partners Iv L sold 1,225,278 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $18.00, for a total value of $22,055,004.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company’s stock.

A number of large investors have recently bought and sold shares of LMOS. Glazer Capital LLC boosted its holdings in Lumos Networks by 259.0% in the 2nd quarter. Glazer Capital LLC now owns 544,592 shares of the utilities provider’s stock valued at $9,732,000 after purchasing an additional 392,891 shares during the last quarter. Gluskin Sheff & Assoc Inc. acquired a new position in Lumos Networks in the 2nd quarter valued at about $5,862,000. Vanguard Group Inc. boosted its holdings in Lumos Networks by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 2,909,952 shares of the utilities provider’s stock valued at $51,506,000 after purchasing an additional 212,774 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Lumos Networks by 65.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 422,457 shares of the utilities provider’s stock valued at $7,549,000 after purchasing an additional 166,503 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Lumos Networks in the 3rd quarter valued at about $2,970,000. Institutional investors own 75.63% of the company’s stock.

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Lumos Networks Company Profile

Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.

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